#256 – Does the cheapest product always win on Amazon?

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    Does the cheapest product always win on Amazon? Absolutely not. Zuley Kitchen brand currently have the top #1, #2 and #3 positions for Manual Juicers. The #4 spot is literally 60% cheaper than the top seller. This shows that customers are becoming more sophisticated. Not only do you win by pricing your product reasonably, but also by crushing your competitors by giving a premium user experience as well before, during, and after their buying journey. Customer behaviors change. Your business must also evolve to adapt to those changes.

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    How Much Money Are You Leaving On The Table Right Now? Do you own an Amazon FBA Private Label Business? Amazon Fees Are Increasing, but your Profit Margins don’t have to suffer. Get the most comprehensive Profit Margin focused E-commerce Checklist that will skyrocket your profit.

    Did you know TikTok has an average CPC of just $0.51? Insense is helping Amazon sellers like Accel Club, Win Brands Group, YogaPaws, and Thrasio gain a high ROI by partnering with TikTok creators to promote their products and boost brand awareness. Thrasio jumped at the opportunity of using the #founditonTikTok trend and got 3 million views for the 25 Amazon products they promoted! Here’s how you can also achieve these results, download Insense’s Complete Guide to TikTok for Amazon Sellers here.

    Sales Growth Strategies

    Amazon Now Pays Out Merchants Within 24 Hours With Express Payout. Express Payout is a new feature that allows Amazon Pay merchants to receive their funds within 24 hours, including weekends. Get your money faster — at no additional cost. No more waiting days for your hard-earned money to show up in your account. Businesses can access Express Payout through Seller Central for no additional cost. Just enroll in Express Payout and you will immediately be able to start accessing faster payouts.

    Should You Use ChatGPT AI for Amazon Listing OptimizationChatGPT is the buzzword these days and is probably here to stay. Almost everyone in every industry is talking about it. Make no mistake, the AI tool does look quite a handful as people continue to play with it to produce impressive baseline articles, pull out helpful pieces of information, write code with no dev background, poetry, and whatnot. This begs an important question: Can you use ChatGPT for optimizing an Amazon listing, too?

    Amazon Sales Data Update – What Sellers Need to Know. As of March 15, 2023, Amazon now displays sales volume data for each product within the search results. Have you seen it? Currently, Amazon doesn’t give you much information, but it does give you an estimate of how many units of that product were bought in the past month. In this article, we’re going to answer those questions and explain why this will not replace Jungle Scout and its suite of reliable and accurate tools. We’ll also continue to monitor and analyze Amazon’s new sales data so you can make impactful decisions for your business.

    eCommerce Trends

    IRS to crack down on income earned by third-party sellers on eBay, Amazon and other sites. If you’re among the nearly 4 million people who sell items on eBay, Amazon or Etsy, the IRS is watching you. The “honor system” is soon going the way of the dinosaur at the IRS. Beginning this year, the tax agency will no longer allow third-party sellers to self-report their income. For years, sellers could hawk their merchandise on third-party sites and stay largely under the radar of the IRS. As long as you did under $20,000 in sales, you were allowed to self-report your income.

    Foreign Amazon Sellers Are Closing the Competitive Gap with ChatGPT. For cross-border sellers, overcoming language barriers can be a challenge. Inaccurate translations, for example, may prevent them from being able to clearly get their messaging across or can create consumer distrust, leading to lost opportunities that impact conversion and sales. However, with the recent arrival of modern communication technologies like chatbots and other AI tools, that could all be changing. One such AI application, which has been making the headlines recently, is ChatGPT or Chat Generative Pre-Trained Transformer.

    20% of top Amazon sellers have remained at the top for over seven years. 20% of the top 10,000 sellers on Amazon in the U.S. have been at the top for over seven years, as long as Marketplace Pulse has been tracking the top sellers. The other 80% couldn’t retain their position, but most didn’t give up on Amazon – over 60% of the top sellers in 2015 are still active today.

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